Molybdenum--Tight spot material and the impending contract

摘要

We still see a lack of available material in Europe for prompt delivery, primarily as a result of continued exports to China. With this pressure on prices, there is some concern as to what the impending LME contract, launching in two weeks time, may have. Against this backdrop, the cobalt and molybdenum industry players gathered in London this week for the final pre-launch event, offering another chance to gauge the industry's attitudes towards the contracts.